There have been no new developments with regards to Advantego Corporation recently but the stock has gone in a downward spiral all the same. On Wednesday, the Advantego Corporation (OTCMKTS:ADGO) stock was in retreat amidst a selloff and declined by as much as 17%.
While it is true that the lack of news about the company might make the whole thing a bit confusing but at the same time one could consider taking a look at some events from the past in order to get an idea. As a matter of fact, last month Advantego made a major announcement that investors could look into.
Last month the company announced that is decided to expand its ongoing Strategic Partnership Agreement and Distribution Agreement with InnerScope Technologies. It is a significant development considering the fact that as part of the agreement, the two companies are going to work on developing a proprietary hearing software that is meant for self regulated frequency threshold.
It is a software that can help in the creation of customised hearing profiles as per the hearing strengths and drawbacks of individuals. However, in light of the recent fall in the stock price, investors could do well to keep an eye out for any fresh news about Advantego.
Market Reaction:
On Wednesday, ADGO stock fell 16.67% to $0.0005 with more than 204.96 million shares, compared to its average volume of 204.69 million shares. The stock has moved within a range of $0.0004 – 0.0006 after opening the trade at $0.0005. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0150.
 Stock Sees Selling Pressure: Will it Rebound?){kind=link}